First Digital Mastercard®

The First Digital Mastercard® is for those with poor credit who don’t want to consider a secured credit card. It does report to all three credit bureaus, and you can earn 1% cash back on payments you make towards the card. However, its high fees should prompt one to look elsewhere. While this card offers quick approval, there are cheaper and better options available. We dive into the details in this First Digital review.

First Digital Mastercard

Our Rating

1.0/5.0

Welcome Offer

N/A

Annual Fee

Program fee of up to $95.00 (one-time fee). Annual fee of $75 for first year, after that, $48 annually. Plus a Monthly Servicing Fee of $0 for the first year, then $99 annually ($8.25 per month).

0% on Purchases

N/a

Reward Rate

1% cash back

0% on Balance Transfers

N/a

Features & Benefits

SecurityZero Liability, Identity theft protection
Contactless Payments
BenefitsFree credit score access
Travel PerksNone

Rewards

1% cash back
All eligible purchases
Receive 1% cash back in the form of a statement credit using rewards points earned for payments made on your Account. At the end of each billing cycle, you will earn one (1) rewards point for every dollar of payment made towards the balance on your Account. Payments are rounded up to the next dollar for the purpose of earning rewards points (as an example, a payment of $105.23 would earn 106 reward points).

Interest Rates & Fees

Annual FeeProgram fee of up to $95.00 (one-time fee). Annual fee of $75 for first year, after that, $48 annually. Plus a Monthly Servicing Fee of $99 annually ($8.25 per month).
Foreign Transaction FeeNone
Regular APR35.99% (V) APR

Pros & Cons

Pros
  • Quick application and response
Cons
  • Annual fee
  • No welcome bonus
  • High APR
  • Monthly servicing fee after the first year
  • One-time program fee

What Are the Best Alternatives?

Capital One Platinum Secured Credit Card
Capital One Platinum Secured Credit Card

Rating

4.5

Rewards Range

N/A

Annual Fee

$0

Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card

Rating

4.8

Rewards Range

1.5%

Annual Fee

$0

U.S. Bank Cash+® Secured Visa® Card
U.S. Bank Cash+® Secured Visa® Card

Rating

4.6

Rewards Range

1% - 5%

Annual Fee

$0

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